Ryt Bank has become the most downloaded app in Malaysia as of February 2026 across the Google Play Store and Apple App Store.

Backed by YTL Group and Sea Limited, Ryt Bank debuted less than a year ago in August 2025 as Malaysia’s first AI-powered digital bank.

Its in-app Ryt AI feature enables users to make payments by uploading images instead of entering account numbers and to send money through simple text commands.

Customers can check recent spending instantly, move funds seamlessly between accounts, and pay more than 20,000 JomPAY billers.

The bank recently announced that it has extended its 4 percent p.a. savings rate until 30 June 2026.

Customers earn interest daily with no lock-in or tiering structure, comprising a 3 percent base rate and a 1 percent bonus unlocked through Ryt Card spending or JomPAY bill payments.

Ryt Bank recently added Google Pay support for contactless debit card payments and introduced a Chinese language interface within the app to expand accessibility.

It has also partnered with Alibaba Cloud to support its cloud infrastructure.

Featured image: Edited by Fintech News Malaysia, based on images by rahmatnurohman3881, vladyslavd6, and user4791196 via Freepik